The limit on the amount that the interest rate on an ARM can increase or decrease during any one adjustment period
Protective device in some ARMs that sets a maximum amount that interest rates may rise or decrease annually and over the life of the loan
This is the maximum amount that the interest rate can increase or decrease during the full term of the loan, usually associated with adjustable rate mortgages
The limit on the amount the interest rate can be increased at each adjustment period in an adjustable rate loan The cap may also set the maximum interest rate that can be charged during the life of the loan (See adjustable rate mortgages (ARMs))
The maximum amount of interest that can be charged on an ARM loan; expressed as either per period or lifetime, or both
Protective device in some ARM's that sets a maximum amount that interest rates may rise or decrease annually and over the life of the loan
A limit on how much the interest rate can change, either at each adjustment period or over the life of the loan
(mortgage term) Protective device in some ARMS that sets a maximum amount that interest rates may rise or decrease annually and over the life of the loan
The limit on the amount the interest rate can be increased at each adjustment period in an adjustable-rate loan The cap may also set the maximum interest rate that can be charged during the life of the loan
{i} capitalization rate, interest rate for calculating the present value; method for converting an estimate of income expectancy of one a single year into an indication of value in one direct step by dividing the income estimate by a proper rate
In Britain, when a local council was rate-capped, the government prevented it from increasing local taxes called rates, in order to force the council to reduce its spending or make it more efficient. Notts County Council is to cut 200 jobs in a bid to escape being rate-capped. + rate-capping rate-capping The project is seriously threatened by rate-capping